Shares of Montauk Renewables, Inc. (NASDAQ:MNTK – Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $4.37, but opened at $4.55. Montauk Renewables shares last traded at $4.63, with a volume of 71,932 shares traded.
Analysts Set New Price Targets
Separately, B. Riley decreased their price target on Montauk Renewables from $7.00 to $6.00 and set a “neutral” rating for the company in a research note on Tuesday, May 7th.
Check Out Our Latest Stock Analysis on MNTK
Montauk Renewables Price Performance
Montauk Renewables (NASDAQ:MNTK – Get Free Report) last announced its quarterly earnings data on Thursday, August 8th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.07). The firm had revenue of $43.34 million during the quarter, compared to analysts’ expectations of $50.63 million. Montauk Renewables had a return on equity of 8.44% and a net margin of 10.58%. During the same quarter in the previous year, the business earned $0.01 earnings per share. Equities analysts predict that Montauk Renewables, Inc. will post 0.25 earnings per share for the current year.
Institutional Trading of Montauk Renewables
Hedge funds and other institutional investors have recently made changes to their positions in the business. CWM LLC grew its position in Montauk Renewables by 1,425.5% during the second quarter. CWM LLC now owns 4,485 shares of the company’s stock valued at $26,000 after buying an additional 4,191 shares during the period. BI Asset Management Fondsmaeglerselskab A S raised its holdings in Montauk Renewables by 32.3% in the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 8,507 shares of the company’s stock worth $76,000 after purchasing an additional 2,079 shares during the period. Quadrature Capital Ltd purchased a new position in Montauk Renewables during the fourth quarter worth approximately $99,000. Principal Financial Group Inc. grew its holdings in Montauk Renewables by 8.9% in the second quarter. Principal Financial Group Inc. now owns 25,902 shares of the company’s stock valued at $148,000 after purchasing an additional 2,107 shares during the period. Finally, Moran Wealth Management LLC purchased a new stake in shares of Montauk Renewables in the fourth quarter valued at approximately $170,000. Institutional investors and hedge funds own 16.35% of the company’s stock.
About Montauk Renewables
Montauk Renewables, Inc, a renewable energy company, engages in recovery and processing of biogas from landfills and other non-fossil fuel sources. It operates in two segments, Renewable Natural Gas and Renewable Electricity Generation. The company develops, owns, and operates renewable natural gas (RNG) projects that captures methane and prevents it from being released into the atmosphere by converting it into either RNG or electrical power for the electrical grid.
Read More
- Five stocks we like better than Montauk Renewables
- What is the FTSE 100 index?
- Buy On Holdings Stock Before the Market Catches Its Second Wind?
- 3 Warren Buffett Stocks to Buy Now
- 3 High-Potential Stocks That Could Turn Into Multi-Baggers
- Health Care Stocks Explained: Why You Might Want to Invest
- CEO Swap: Starbucks Surges 22% on Hiring New CEO From Chipotle
Receive News & Ratings for Montauk Renewables Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Montauk Renewables and related companies with MarketBeat.com's FREE daily email newsletter.